Each year on or before the last Monday in August, the council shall meet at 7:30 p.m. local time to fix the budget, tax rate, and tax levy for the civil city for the ensuing budget year. Should a quorum of the council not be present at the convening of the annual budget meeting, the members present shall recess until a quorum is present. (Ord. 79-97 § 2 (part), 1979).